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K&K Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 8.5%. If the bond has a life of 25
K&K Manufacturing just issued a bond with a $1,000 face value and a coupon rate of 8.5%. If the bond has a life of 25 years, pays annual coupons, and the yield to maturity is 7.8%, what will the bond sell for?
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The Everything Guide To Day Trading
Authors: David Borman
1st Edition
1440506213, 978-1440506215
